Many people overlook the potential value hidden in their spare change, particularly when it comes to Washington quarters.
Among these, certain rare specimens can command prices as high as $85,000 or more. Understanding the history, key features, and rarity of these coins can help you determine if you possess a valuable piece.
A Brief History of the Washington Quarter
Introduced in 1932 to commemorate the 200th anniversary of George Washington’s birth, the Washington quarter replaced the Standing Liberty quarter.
Designed by sculptor John Flanagan, the coin’s obverse features a left-facing portrait of Washington, while the reverse showcases an eagle with outstretched wings perched on a bundle of arrows, framed by olive branches.
Initially, these quarters were composed of 90% silver and 10% copper, a composition that continued until 1964. In 1965, due to rising silver prices, the U.S. Mint transitioned to a copper-nickel clad composition, which remains in use today.
The 1932-D Washington Quarter: A Collector’s Gem
Among the most coveted Washington quarters is the 1932-D issue, minted in Denver. With a mintage of only 436,800, it is one of the series’s lowest production figures, contributing significantly to its rarity and value. Coins from this year and mint are particularly scarce in higher grades, making them highly desirable to collectors.
Grading and Its Impact on Value
The value of a coin is heavily influenced by its condition, assessed using the Sheldon Scale, which ranges from 1 to 70:
- MS60-MS65: Coins in this range are considered Mint State, showing no signs of wear.
- MS66-MS70: Coins in this range are in superb condition, with MS70 representing a perfect coin.
For the 1932-D Washington quarter, values can vary significantly based on grade:
- MS60: Approximately $1,100
- MS65: Around $12,000
- MS66: Estimated between $75,000 to $85,000
Notably, a 1932-D quarter graded MS66 achieved a record auction price of $143,750 in 2008.
Identifying a 1932-D Washington Quarter
To determine if you have a 1932-D quarter, examine the following features:
- Date: Located below Washington’s portrait on the obverse; it should read “1932.”
- Mint Mark: The “D” mint mark, indicating Denver, is situated on the reverse, below the eagle’s tail feathers.
Other Valuable Washington Quarters
While the 1932-D is particularly notable, other Washington quarters also hold significant value, especially in higher grades or with unique errors:
- 1932-S: With a mintage of 408,000, this San Francisco issue is also highly sought after.
- 1949-D: In MS68 condition, this quarter can be worth up to $22,500.
- 1955-D: An MS68 example of this coin is valued at approximately $22,500.
Preserving and Evaluating Your Coins
If you believe you possess a valuable Washington quarter, consider the following steps:
- Avoid Cleaning: Cleaning can diminish a coin’s value; it’s best to leave it in its current state.
- Professional Grading: Submit the coin to a reputable grading service, such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC), for an official assessment.
- Consult Experts: Reach out to numismatic experts or dealers for insights into your coin’s value and potential market.
Conclusion
The Washington quarter series offers several opportunities for discovering valuable coins, with the 1932-D issue being a prime example. By familiarizing yourself with the distinguishing features and understanding the importance of coin grading, you can uncover potential treasures hidden in your change jar.
FAQs
What makes the 1932-D Washington quarter so valuable?
Its low mintage of 436,800 and scarcity in high-grade conditions contribute to its high value.
How can I identify a 1932-D Washington quarter?
Check for the 1932 date below Washington’s portrait and a “D” mint mark on the reverse beneath the eagle’s tail feathers.
Should I clean my old coins to enhance their value?
No, cleaning can reduce a coin’s value. It’s best to keep it in its original condition.
Where can I get my coin professionally graded?
Reputable services include the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC).
Are there other valuable Washington quarters besides the 1932-D?
Yes, coins like the 1932-S, 1949-D, and 1955-D can also be highly valuable, especially in mint state conditions.
I have several coins scanning them showed some worth only did a fraction of coins is there a site that you can actually scan coins and see actual worth
Yes, there us an app u can buy but it has a free trail if 30 days ( I think), you can check for free trail. Its called coinsnap as well as other apps to assist you with your hunt. I love it, gives very detail information about your coins.